Insurtech funding exceeds $1bn in Q3
Broker Gallagher Re says while the average deal size dropped 16.4% to a six-year low of $10.3m in the third quarter, the number of deals increased to 119 from 97 in the second quarter
Funding up 19% in the quarter, driven by ‘surge’ in investment for P&C insurtechs, analysis by Gallagher Re finds